NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder.
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Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)
NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's ’s own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder.
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NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Mxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder.
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